Question

In: Accounting

EXCEL: In cell I4 insert formula(s) that will calculate the sum of Sales where COGS is...

EXCEL: In cell I4 insert formula(s) that will calculate the sum of Sales where COGS is greater than or equal to its average.

Date Product Region SalesRep Customer Sales COGS Sum of Sales:
4/19/2020 Product3 Region3 SalesRep2 Customer16 $           14,046 $             5,337
4/19/2020 Product7 Region4 SalesRep15 Customer72 $             2,504 $             1,703
4/19/2020 Product2 Region4 SalesRep18 Customer71 $             1,505 $                 843
4/19/2020 Product6 Region4 SalesRep14 Customer88 $             4,232 $             2,793
4/19/2020 Product3 Region4 SalesRep3 Customer65 $             5,947 $             3,390
4/19/2020 Product1 Region8 SalesRep6 Customer100 $             5,721 $             3,204
4/19/2020 Product10 Region8 SalesRep16 Customer68 $           14,744 $             5,308
4/19/2020 Product7 Region2 SalesRep1 Customer85 $             4,018 $             2,371
4/19/2020 Product10 Region5 SalesRep6 Customer6 $             6,442 $             4,445
4/19/2020 Product6 Region4 SalesRep7 Customer1 $             8,160 $             3,509
4/19/2020 Product7 Region2 SalesRep17 Customer28 $             7,520 $             4,738

Solutions

Expert Solution

In cell I4 insert the following formula to get the sum of Sales where COGS is greater than or equal to its average:

=IF(H2>=$H$14,G2,0)

H2 is the amount under head 'COGS'

H14 is the average of COGS

G2 is the respective sales amount

- image of excel is also uploaded along with this.

Date Product Region SalesRep Customer Sales COGS Sum of Sales:
4/19/2020 Product3 Region3 SalesRep2 Customer16 $ 14,046 5,337 14046
4/19/2020 Product7 Region4 SalesRep15 Customer72 $ 2,504 1,703 0
4/19/2020 Product2 Region4 SalesRep18 Customer71 $ 1,505 843 0
4/19/2020 Product6 Region4 SalesRep14 Customer88 $ 4,232 2,793 0
4/19/2020 Product3 Region4 SalesRep3 Customer65 $ 5,947 3,390 0
4/19/2020 Product1 Region8 SalesRep6 Customer100 $ 5,721 3,204 0
4/19/2020 Product10 Region8 SalesRep16 Customer68 $ 14,744 5,308 14744
4/19/2020 Product7 Region2 SalesRep1 Customer85 $ 4,018 2,371 0
4/19/2020 Product10 Region5 SalesRep6 Customer6 $ 6,442 4,445 6442
4/19/2020 Product6 Region4 SalesRep7 Customer1 $ 8,160 3,509 8160
4/19/2020 Product7 Region2 SalesRep17 Customer28 $ 7,520 4,738 7520
Total 74,839 37,641 50912
Average       6,804        3,422

Note: The formula computes value of sales where COGS is >/= average COGS.


Related Solutions

Variance Analysis Insert a formula into each cell marked with a "?". For the variances indicate...
Variance Analysis Insert a formula into each cell marked with a "?". For the variances indicate whether they are favorable or unfavorable Bradley Company produces a garden statue which requires the following variable manufacturing costs: Std Qty Std Price/Rate Direct material (mix) 6 lbs 0.06 per lb Direct labor 1 hours $16 per hour Variable O/H (based on direct labor hours) 1 hours $8.30 per hour Standard Cost per Unit: Standard Cost Direct Material ? Direct Labor ? Variable O/H...
In the green cells calculate total Gross Profit (i.e., Sales - COGS) using the condition(s) as...
In the green cells calculate total Gross Profit (i.e., Sales - COGS) using the condition(s) as specified and without creating a helper column, using Filters, or Pivot Tables. Date Product Region SalesRep Customer Sales COGS Gross Profit 4/19/2020 Product3 Region3 SalesRep2 Customer16 $            14,046 $               5,337 All products: 4/19/2020 Product7 Region4 SalesRep15 Customer72 $               2,504 $               1,703 Product9 only: 4/19/2020 Product2 Region4 SalesRep18 Customer71 $               1,505 $                  843 Product3 and SalesRep16 only: 4/19/2020 Product6 Region4 SalesRep14 Customer88 $               4,232 $              ...
How would you calculate this with an excel formula on excel: •What is the future value...
How would you calculate this with an excel formula on excel: •What is the future value of the following cash flows if the discount rate is 8%? What is the future value if the discount rate is 5%? (this is asking you take the future value of the cash flows. Please find the future value at year 4. ))
For the first company division listed, insert formula commands to calculate ROI and Residual income (assume...
For the first company division listed, insert formula commands to calculate ROI and Residual income (assume the company has a 25% target rate of return). To insert formulas, highlight the cell where you want to place the answer. (Please Provide Excel Formula used) Use the “Copy” and “Paste” commands to copy the same formulas into the appropriate cell for each division. Use the “%” on the “Number” section of the menu bar to format the ROI as a percentage. Format...
Please calculate the COGS, changes of Inventory, Revenue and all Sales and Inventory was purchased on...
Please calculate the COGS, changes of Inventory, Revenue and all Sales and Inventory was purchased on account. Use the FIFO method. Date Transaction Units Cost Total Cost Inventory Units Sold Price Revenue Cogs 12/1 Beg. Bal 1950 52 12/3 Purchase 1000 54 12/7 Sale 1200 105 12/9 Purchase 900 56 12/10 Sale 1300 115 12/16 Purchase 1750 58 12/17 Purchase 950 58 12/20 Purchase 1500 60 12/22 Purchase 900 62 12/28 Sale 3200 120 12/30 Sale 1000 130 Ending Balances...
Use Excel to show your work and include the formula in the cell to show how...
Use Excel to show your work and include the formula in the cell to show how you arrived at your figures. Round percentages (example if 49.2, round to 49). Background: ABC, Inc., produces widgets. The company manufactures three levels of widgets-Economy, Better and Best. Selected information on the widgets is given below. Economy Better Best Selling price per widget $40.00 $60.00 $90.00 Variable expense per widget production $22.00 $27.00 $31.50 Selling (5% of selling price) $2.00 $3.00 $4.50 All sales...
Consider the following data. I/S 2015 2016 Sales (S) 1,200 1,320 (+10%) - Costs (C) (COGS...
Consider the following data. I/S 2015 2016 Sales (S) 1,200 1,320 (+10%) - Costs (C) (COGS &  SG&A) 1,000 = EBITDA (=EBIT) 200 - Interest 20 =EBT 180 - Tax (T) 40 =      NI 140 Dividend 40 Plowback 100 B/S Assets (A) 2,000 Debt (D) 800 Equity (E) 1,200 Common stock (CS)            800 Retained earnings (RE)                 400(+100) From these data, calculate the following ratios, showing all work: Margin (Cost) = Turnover (TO) = Interest Rate = Tax Rate = Leverage = Assume...
Write the cell notation for an electrochemical cell consisting of an anode where Mg(s) is oxidized...
Write the cell notation for an electrochemical cell consisting of an anode where Mg(s) is oxidized to Mg2+(aq) and a cathode where H+(aq) is reduced to H2(g) at a platinum electrode. Assume all aqueous solutions have a concentration of 1 mol/L and gases have a pressure of 1 bar.
What formula do I use to calculate the Effective Cost of Borrowing (IRR in excel) for...
What formula do I use to calculate the Effective Cost of Borrowing (IRR in excel) for the following cash flows. Years Cashflows 0 $ (94,000.00) 1 884.91 2 833.33 3 786.50 4 744.30 5 706.57 6 698.12 7 705.77 8 712.64 9 718.74 10 724.03 11 728.49 12 732.11 13 734.87 14 736.76 15 737.74 ECB IRR= To calculate ECB, IRR function has to be used using annual payments for cash-flows. However the payments have to be calculated monthly and...
Use a cell reference or a single formula where appropriate in order to receive full credit....
Use a cell reference or a single formula where appropriate in order to receive full credit. Do not copy and paste values or type values, as you will not receive full credit for your answers. The marketing department of Acme Inc. has estimated the following demand function for its popular carpet deodorizer, Freshbreeze: Q = 100 – 5p, where Q is the quantity of an 8 oz box sold (in thousand units) and p the price of an 8 oz....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT